Merck Serono Inks Licensing Deal with Threshold Pharmaceuticals for Cancer Drug
Merck will obtain co-development and exclusive global commercialisation rights, whilst Threshold will retain the option to co-commercialise TH-302 in the US.
Merck Serono has entered into a licensing agreement with US-based biotechnology firm Threshold Pharmaceuticals for the development and commercialisation of TH-302, a small molecule hypoxia-targeted drug designed to treat pancreatic cancer.
Under the terms of the agreement, Merck will obtain co-development and exclusive global commercialisation rights, whilst Threshold will retain the option to co-commercialise the drug in the US.
TH-302 is currently in a Phase III clinical trial investigating its efficacy in patients with soft tissue sarcoma and a randomised Phase II trial in patients with advanced pancreatic cancer. The results of the trials are expected to be announced in February 2012, and approval will
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